OFFERING MEMORANDUM NNN Lease Investment Opportunity

2557 Highway 25 South | Greenwood, SC OFFERING MEMORANDUM NNN Lease Investment Opportunity Representative Image Exclusively Marketed By: Sands Inve...
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2557 Highway 25 South | Greenwood, SC

OFFERING MEMORANDUM NNN Lease Investment Opportunity Representative Image

Exclusively Marketed By: Sands Investment Group Doug Roland Lic # 73064

Sands Investment Group 844.4.SIG.NNN SIG SC Lic # 20891

706.814.2217 | DIRECT [email protected]

www.SIGnnn.com

2557 Highway 25 South Greenwood, SC 29646

INVESTMENT SUMMARY

Investment Summary Investment Highlights

AREA OVERVIEW

Location & Area Maps Retail Map City Overview

TENANT PROFILE

Tenant Profile

LEASE ABSTRACT

Lease Summary Rent Roll

© 2016 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness. Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.

INVESTMENT SUMMARY

OFFERING SUMMARY PRICE

$1,512,175

CAP

6.85%

NOI

$103,584

PRICE PER SF YEARS REMAINING LEASE GUARANTY

$152 8 Years Corporate

PROPERTY SUMMARY ADDRESS

2557 Highway 25 South Greenwood, SC 29646

COUNTY BUILDING AREA LAND AREA BUILT

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Greenwood 9,960 SF 1.15 Acres 2014

INVESTMENT HIGHLIGHTS

HIGHLIGHTS •  New 2014 Build-to-Suit Construction •  Corporate Guarantee •  Outparcel to Food Lion Anchored Center •  Minimal Landlord Responsibilities •  15 Year Roof Warranty (2014) •  Three (3) x Five (5) Year Options •  5% Rental Increases at Options •  Moody’s Ba2

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LOCATION MAP

AERIAL MAP

RETAIL MAP

AREA OVERVIEW

Street / Cross Road

Average Vehicles Per Day

Hwy 25 South

19,500

SUBJECT PROPERTY DEMOGRAPHICS Population Median Household Income

1 Mile

3 Mile

5 Mile

4,137

15,575

34,950

$26,362

$25,908

$33,330

AREA OVERVIEW

City Overview Greenwood  is a small  city in and the  county seat of Greenwood County, South Carolina. Every year in June, Greenwood hosts the South Carolina "Festival of Flowers". The festival was originally started in 1968 as an outgrowth of  Park Seed Corporation’s  annual Grower Days, and Park Seed remains a major sponsor of the festival. The Festival has also included jazz concerts, Cessna flights for children, world food, a showcase for classic cars, and even a dog show. There is also a medical symposium, hosted by Self Regional Healthcare during the festival. This event draws many gardening enthusiasts from around the nation.  The second weekend in July, the  Uptown Greenwood Development Corporation  hosts the South Carolina “Festival of Discovery.” This is a weekend of food, fun, music, and much more as you experience and learn about the history, traditions, folklore, arts and crafts, music and dance, and vernacular of Greenwood and the South Carolina Upstate area. The festival includes a  Kansas City Barbeque Society  sanctioned and South Carolina State Championship cook-off featuring some the best BBQ teams in the country. In addition, the Festival honors the Greenwood cooking tradition of black kettle hash. Also celebrated during the weekend is the rich sound of and tradition of the blues. The  Greenwood Blues Cruise  features Blues music at seven different venues in the downtown area.

TENANT PROFILE

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Dollar Tree, Inc.  is an  American  chain of discount variety stores that sells items for $1 or less. A  Fortune 500  company, Dollar Tree is headquartered in Chesapeake, Virginia and operates 13,600 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of ten distribution centers. The company operates one dollar stores under the names of Dollar Tree and Dollar Bills. The company also operates a multi price-point variety chain under the name Deals. Dollar Tree competes in the  dollar store  and low-end retail markets. Each Dollar Tree stocks a variety of products including national, regional, and private-label brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, housewares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, automotive, electronics, pet supplies, and books. Most Dollar Tree stores also sell frozen foods and dairy items such as milk, eggs, pizza, ice cream, frozen dinners, and pre-made baked goods. In August 2012, the company began accepting manufacturer's coupons at all of its store locations.

LEASE SUMMARY

LEASE ABSTRACT

TENANT PREMISES LEASE COMMENCEMENT LEASE EXPIRATION LEASE TERM RENEWAL OPTIONS RENT INCREASES

A Building of Approximately 9,960 SF in Greenwood, SC 2/1/2014 1/31/2024 8 Years Remaining (3) X 5 Year 5% at Each Option

LEASE TYPE

NNN

USE

Retail

PROPERTY TAXES

Tenant’s Responsibility

INSURANCE

Tenant’s Responsibility

COMMON AREA

Tenant’s Responsibility

ROOF & STRUCTURE

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Dollar Tree

Landlord’s Responsibility

REPAIRS & MAINTENANCE

Tenant’s Responsibility

HVAC

Tenant’s Responsibility

UTILITIES

Tenant’s Responsibility

RIGHT OF FIRST REFUSAL/ OFFER

No

RENT ROLL

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SIZE

MONTHLY RENT

LEASE TERM

TENANT NAME

SQUARE FOOTAGE

% OF TOTAL

MONTHLY BASE RENT

RENT / SF

% OF TOTAL

INCREASE DATES

RENTAL INCREASE

LEASE BEGIN

LEASE END

OPTIONS

Dollar Tree

9,960 SF

100%

$8,632

$.86

100%

At Options

5%

2/1/2014

1/31/2024

(3) 5 Year

CONFIDENTIALITY AGREEEMENT The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release Sands Investment Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.

Representative Image

Exclusively Marketed By: Doug Roland Lic # 73064 706.814.2217 | DIRECT [email protected] 844.4.SIG.NNN | F: 844.328.5905 |

WWW.SIGNNN.COM | 2701 OCEAN PARK BLVD, SUITE 140 | SANTA MONICA, CA 90405